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All Forum Posts by: Jeffrey Schratz

Jeffrey Schratz has started 8 posts and replied 12 times.

Short-Term & Vacation Rental Discussions

Post: A great option for refinancing within an LLC

Jeffrey Schratz
Pro Member
Posted
  • Posts 12
  • Votes 2

Trying to refi a property in an LLC. Heard about Arkad as a lender. Anyone have any experience with them?

Thanks 

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Refinancing properties held in an LLC

Jeffrey Schratz
Pro Member
Posted
  • Posts 12
  • Votes 2

I have significant equity in a Vacation Rental Property. The property is held in an LLC for tax and liability purposes. I am told by lenders that the only way to access the equity is to switch the property into my name, refinance, and then put it back into the LLC. This seems fishy, and my attorney warns against it as it may lead to potential liability exposure, should I be sued in the future. Any thoughts or advice would be greatly appreciated.

Thanks,

Jeff

0 Votes